US Treasury again says China is not manipulating currency

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WASHINGTON: The US Treasury again found that neither China nor any other trading partners was manipulating its currency, according to the ...

WASHINGTON: The US Treasury again found that neither China nor any other trading partners was manipulating its currency, according to the semi-annual report released on Tuesday .

Beginning with this report, the Treasury is assessing all US trading partners with annual trade surpluses in goods of more than US$40 billion. "Treasury takes seriously any potentially unfair currency practices, and Treasury is expanding the number of US trading partners it reviews to make currency practices fairer and more transparent," US Treasury Secretary Steven Mnuchin said in a statement.

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